MY BUYER AGENT SERVICES
As your dedicated Buyer’s Agent, I am committed to providing expert guidance, personalized service, and unwavering support throughout your home-buying journey. My goal is to make the process as stress-free and rewarding as possible, helping you to avoid pitfalls, and reduce risks, by implementing my expertise every step of the often-complicated journey. To ensure every advantage, I bring unique resources and benefits to the table, to enhance your home buying experience. When purchasing a home in New Jersey your Buyer’s Agent plays a crucial role and becomes your trusted close consultant. Realtors® in New Jersey adhere to the standards and requirements set by the National Association of Realtors® (NAR) and local real estate regulations. One critical aspect of these standards involves the formal agreements between buyer agents and their clients. Below I have outlined the tasks I perform from the beginning of the client relationship through closing. When we meet, I will explain the types of agreements commonly used per NAR guidelines, and explain your options. Soon, all Realtors® will be required to have a signed Buyer Agency Agreement defining roles and fees prior to showing any property.
Here is a partial summary of what you can expect from my Buyer Agent Services.
Initial Consultation:
Understanding Your Needs: With Coldwell Banker’s extensive resources and market insights I can delve deep into understanding your preferences, ensuring we find the home that aligns with your lifestyle and goals.
Financial Guidance: Leveraging Coldwell Banker’s network of mortgage professionals, I will provide you with access to expert financial advice, assisting you in navigating the mortgage pre-approval process and maximizing your buying power.
Explaining the Process: Coldwell Banker’s comprehensive training equips me with the knowledge to guide you through the entire home-buying process; explaining each step clearly and answering any questions you may have.
Agency Agreements: With Coldwell Banker’s support, I ensure that the NON-BINDING Buyer Agency Agreement we choose is tailored to your needs, providing you with peace-of-mind and clarity from the start.
Home Search and Showings:
Property Search: Utilizing Coldwell Banker’s advanced technology and extensive network, I will conduct a thorough and effective search for properties that match your criteria, saving you time and ensuring we find the right home for you.
Scheduling Showings: With Coldwell Banker’s cutting-edge tools and systems, I will streamline the process of scheduling and coordinating property viewings, ensuring we make the most of your time and opportunities. We will find the property that you want, and then the critical offer stage begins.
Making an Offer:
Offer Strategy: Backed by Coldwell Banker’s market intelligence and expertise I will develop an offer strategy tailored to the current market conditions, giving you a competitive edge, and increasing your chances of securing your desired home. Buying is very competitive, and having an agent with my experience is key for assuring you will have success.
Offer Preparation: Coldwell Banker’s industry-leading resources empower me to prepare meticulous and compelling offer documents, ensuring you offer stands-out and captures the attention of sellers.
Negotiation: With my negotiation training and company support in place, I advocate for your best interests during negotiations, leveraging my skills and expertise to achieve favorable terms and outcomes. When you find a home you are interested in, I will prepare and submit the “offer” documents which include:
Purchase Agreement: This is the main document that outlines the terms of your offer, including the purchase price, down-payment, and any contingencies such as financing or inspections.
Proof of Funds or Pre-Approval Letter: Accompanying the offer, this document shows the seller that you have the funds available to close or are pre-approved for a mortgage.
Earnest Money Deposit Information: This is often required to show your commitment to the transaction and is a deposit made into an escrow account.
Contingency Clauses: I may include clauses that protect you, allowing for the deal to be voided if certain conditions are not met, such as failing a home inspection or not securing a mortgage.
Closing Date and Possession Details: This specifies when you will officially close on the home and when you take possession.
Additional Requests or Seller Concessions: I sometimes include requests for the seller to cover certain closing costs, include home warranties, or may necessitate further negotiations by your trusted advisor.
Offer Accepted! Post-Offer Processes
The Attorney Review Period: After your offer is accepted, the next step will be the Attorney Review Period. Here is what happens during this critical phase; once both parties sign the contract it becomes legally binding subject to the completion of the attorney review. This period typically lasts three business days but can be extended if both parties agree. During this timeframe, either party can withdraw from the agreement.
Purpose: The primary purpose of the attorney review is to allow the lawyers for both the buyer and the seller to review the contract to ensure it protects their client’s rights and interests. They check for any legal issues that could affect either party.
Revisions and Negotiations: During this period, attorneys may propose changes to the contract terms. Common revisions include adjustments to the closing date, modifications of the purchase price (in response to new information or errors), alternations to the contingencies (such as a rent-back agreement to extend the close date) that will be re-negotiated by me.
Communication: I will be in close contact with your attorney throughout this period. The agent’s role is to ensure that communication between all parties is clear and that any adjustments to the real estate contract are properly understood and agreed upon. The Attorney Review period is a safeguard that reflects the complexity and significance of real estate transactions, ensuring that all legal aspects are correctly addressed. This period allows you to have peace-of-mind knowing that a legal professional has reviewed and approved the terms of your home purchase. Your attorney and I will work together to protect your interests and help secure your new home. I will guide you through the attorney review period, ensuring any necessary adjustments to the contract are made promptly and effectively.
Contingency Management:
I will oversee the inspection process and manage any other contingencies, addressing any issues that may arise. Contract deadlines must be met along the way and the first will be your security deposit. I will schedule your home inspection with the homeowner and will attend with you. Your attorney will review the report with you and send any repair requests to the seller’s attorney. The inspection contingency will be satisfied when all parties agree. With Coldwell Banker’s and my support team, I manage all contingencies with precision and diligence, ensuring a smooth transaction and minimizing any potential issues or delays.
Closing:
Closing Preparation: My Coldwell Banker robust network of professionals and partners ensures a seamless closing process. You will need to contact your utility companies prior to close and I will help to identify them.
Final Walk-Through:
I will arrange a final walk-through of the property ensuring everything is in order and addressing any last-minute concerns before closing.
Closing Day:
Hooray! It is here! I will attend the closing with you ensuring that all paperwork is completed accurately and provide any assistance you may need. In New Jersey, a Title Company closing agent selected by your attorney will meet with us and handle the closing.
Handing Over of the Keys: After closing I facilitate the smooth transfer of keys and provide any additional support or resources you may need as you settle into your new home.
Post-Closing:
Follow-Up: Even after closing, I remain committed to your satisfaction and success, providing on-going support and assistance to ensure your transition into your new home is seamless and enjoyable.
“…Unmatched Resources, Impeccable Client Service…a Track Record of Distinction…”
“…the right relationship means everything…”
Since 1983
